Prior owner lives in home (by Matt [IN]) Apr 19, 2018 6:47 AM
Prior owner lives in home (by S i d [MO]) Apr 19, 2018 7:07 AM
Prior owner lives in home (by MIKE SWMO [MO]) Apr 19, 2018 7:44 AM
Prior owner lives in home (by elliot [RI]) Apr 19, 2018 8:45 AM
Prior owner lives in home (by Robert J [CA]) Apr 19, 2018 9:02 PM
Prior owner lives in home (by Matt [IN]) Posted on: Apr 19, 2018 6:47 AM Message:
I have purchased a tax certificate on a home that I fully expect to get the deed to. From what I can tell, the prior owner is living in the home. Once I have the deed, what are my options as far as getting them out? Is it a normal eviction process?
--198.179.xx.x |
Prior owner lives in home (by S i d [MO]) Posted on: Apr 19, 2018 7:07 AM Message:
Matt, I have purchased several tax liens and received the deed.
If you get the deed, anyone living there will have to be moved out using standard procedures to recover possession of the premises according to your state's law.
In Missouri I can:
1) Ask them to leave. They may refuse in which case I can....
2) Bribe them to leave. Cash for keys. Here's $500 once you are out the door and sign this note saying you voluntarily moved. They may refuse in which case I can....
3) Evict them in court. Their tenancy is a tenancy at sufferance at this point. I've never had to go to this point. Usually step 2 works. I recommend working with them to help them understand this is their best option. I include a "bonus" if there are no major damages.
I am guessing your state has a similar set of rules. Time to read up, or if all else fails, ask your local real estate attorney. --173.17.xx.xx |
Prior owner lives in home (by MIKE SWMO [MO]) Posted on: Apr 19, 2018 7:44 AM Message:
Matt
Like SID I have bought a tax property or two. Very few had owners living in them. Off the top of my head I can only remember two at this time.
Both cases I went and talked to the prior owners AFTER I had gotten the collectors deed. Both wanted to stay and rent the place from me.
The first guy stayed just long enough to give me my money back. Maybe a month longer. A free and clear house is how I looked at it. To me that was a good deal as the place was a complete dog. A dead dog.
About two weeks later I sold it to some other people. They handed me cash and I handed them a special warranty deed. They have done a lot of work on it and it is looking nice. I stopped and talked to them every so often.
Second one I just got last September. Guy is still living there and making monthly payments just like rent. I have offered to sell it back to him after he makes 6 months of rent with no missed payments. He did miss one month but has paid extra on the following months. Guess he thinks that works as no missed payments but we are not aligned in our thinking.
What you do depends on what you want out of the tax sale. A place to rent, a place to sell or a place where you can practice your handyman skills.
I just want to wake up in the mornings and say to myself … I think I will mosey down the lane to the mail box and get the payment.
--71.29.x.xx |
Prior owner lives in home (by elliot [RI]) Posted on: Apr 19, 2018 8:45 AM Message:
I did 2 of those.. every state is different.. Mine is called commercial eviction vs. nonpayment eviction.
I wound up having them sign my lease and stay. Once you get the full ownership, talk to them nicely to see how it goes. One of mine was hostile at beginning, once my lawyer filed the eviction, they soften and decided to stay.. --144.160.xxx.xx |
Prior owner lives in home (by Robert J [CA]) Posted on: Apr 19, 2018 9:02 PM Message:
Years ago a City was going to install side walks. If a home owner couldn't come up with the City Issued Taxes of $5000 per home, then the City was going to sell Tax Liens -- giving the owners 5 years to make monthly payments.
Years later I had several home owners who didn't make their monthly payments to the City and the City stop making my monthly payments.
SO I went to court to get my money or deed to the house. The City Judge ruled against all investors in favor of the home owner. The home owner shouldn't loose a $50,O00 HOUSE just because they missed a payment or two or $5,000. It took me 10 years to collect my money and never got the chance to foreclose -- the city wouldn't let me. --47.156.xx.xx |
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